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government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study that, too, mark. i know i did. one of the later editions, there is a chapter on how taxes effect business spending. we go into a very gory detail about how negative this can be. if the dividend tax is going to go up, a lot of firms would be hurt significantly by that. they would be paring back their capital spending in anticipation of higher taxes in the future. businesses will look to the future when they decide what they're going to do. they are not investing. you see it's in the investment data. it is why this recovery has been so slow. businesses have a lot of ca
government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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Dec 6, 2012
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that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit that i have had to have this opinion is that i've been able to watch c-span and "washington journal" almost daily. and because of my illnesses unless i haven't been well enough to watch and i have learned so very much that i have never learned in 180 undergraduate hours or law school or high school. i have learned more history, i have learned more government, i have learned the true history of this country. not what we've been spoon fed in high school, that pablum they gave us in grade schools the pleasant little stories. it is to recognize where we have come from and how far we
that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit...
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we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on millions of dollars and billions of dollars, waiting for the right moment. if we want them to start spending, we need to make decisions. it will not be good enough if we do not deal with the much larger question and give them certainty. some of the failed talks happened before. republicans would dig their heels in and say, it is our ideology or nothing. that will hurt the economy. they will say, see, i told you it did not work. that is the wrong way to work. we have to reach an agreement. we have to do it for the long term and short term. >> you are doing
we need our government to help us do this and move us forward. if we want to be innovative and entrepreneurship, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy. are we innovative in advanced manufacturing? these are things we could to. there are tax deductions we could get rid of. they are old. we do not need them. it would be important to the investor community and business community. there are companies that are sitting on...
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Dec 10, 2012
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the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he is also the author of many abooks. "the welt of choices" how the new economy puts power in your hands and money in your pockets." lawmakers and lobbyists which he co-authored with jeffrey. he received an award. he has also received two overseas press club awards for his writings on asia. in addition to serving on the council, he is a member of the gridiron club, the council on foreign relations. he also happened to serve a long time ago at the board of visitors not too far away from virginia, the university of north carolina. please join me now in welcoming our modera
the academy, the government, and the private sector. we will rely on veteran journalist alan murrey to introduce the panelists. he is a long-time friend who recently left his online post as deputy managing editor and executive edit of "the wall street journal" to become president of the research center next month. in his 30-year career at "the wall street journal" he served as numerous roles. during his years as chief he won three pulitzer prices as well as many awards. he...
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we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los angeles times" this morning -- "the wall street journal" says this about the situation in syria -- it is the front page of "the new york times" this morning, and they say this -- peter baker and bryan gordon write in "the new york times" -- then, also we are doing a segment on syria taking a deeper dive into this issue on sunday here on the "washington journal ." moving on to the situation in israel. five nations some men envoys of israel. also, some other headlines for you. "the baltimore sun" -- next to that, president obama suggests a revamp of the
we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los...
SFGTV2: San Francisco Government Television
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the real key to that is going to be a local and state government. hopefully the mayor in denver and myself in colorado focusing on how do we create the conditions? we can have brilliant vendors but they can sit on a shelf. you can have all the capital without the right idea -- but without the right idea, how does it improve? the magic there is entrepreneurship. when i was a geologist, i could not find a job and after a while we opened -- i stole the idea from berkeley. we werein the first bgrerew pub. that focus of necessity -- we had to do something different. we took it and adapted it. i think that on a much larger scale, we need to find entrepreneurs, people that are willing to put their hearts and souls into that idea, that invention. make sure they have access to capital, and appropriately trained work force, and there is -- government gets out of the way. we need a proper regulation. we have to have it if you are talking about fracking. at that same time, the government has to be a supporter and in every way possible have to limit the burden o
the real key to that is going to be a local and state government. hopefully the mayor in denver and myself in colorado focusing on how do we create the conditions? we can have brilliant vendors but they can sit on a shelf. you can have all the capital without the right idea -- but without the right idea, how does it improve? the magic there is entrepreneurship. when i was a geologist, i could not find a job and after a while we opened -- i stole the idea from berkeley. we werein the first...
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tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility and have too low caps. there are some important steps. there are some important steps forward and the american recovery act. i do not see a lot of prospects for much greater federal involvement any time soon. host: mableton, illinois on the line for independents. caller: i want to direct this to mr. tanner. i have never been in debt. i have a retirement, have a very nice pension from the state of california when i was a state police offiercer. we're not putting enough emphasis on what has happened in
tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. you want this handled on the local level and not a one-size- fits-all across the country. guest: it is administered...
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they intended it to starve the government, which is a constitutional government. that makes me very angry. the other point i have to make is that i'm one of the long-term unemployed. right now, all of these discussions are noise. the root cause problem is a lack of jobs and offshore in that has gone unchecked since 2000. if i do not have a job, i cannot contribute to my country. if i do not have a job, i cannot pursue life, liberty, and have it is. i cannot raise my child or pay for my house her i cannot do anything because there is no revenue coming in. all i hear are the republicans wining about the upper 2% not having their golf money. host: laura calling in from austin, texas. earlier we talked but the bush tax cuts and whether they were indeed intended to be temporary or not. the loopholes, are they intended to be deborah? or are they here tuesday? -- to be temporary? are they here to stay? guest: they were intended to be permanent. you cannot assign -- underestimate how hard it would be to cut those. this is why reluctant -- republicans are reluctant to prop
they intended it to starve the government, which is a constitutional government. that makes me very angry. the other point i have to make is that i'm one of the long-term unemployed. right now, all of these discussions are noise. the root cause problem is a lack of jobs and offshore in that has gone unchecked since 2000. if i do not have a job, i cannot contribute to my country. if i do not have a job, i cannot pursue life, liberty, and have it is. i cannot raise my child or pay for my house...
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we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute. the reason we're not making progress, let me tell you -- and i've been consistent on this. they're bringing these numbers up in secret. if they were laid out in public so the american people knew just how much taxes they were increasing, just how little spending reductions -- or how much increases in spending. as a political mover, very effective at being able to hide the net impact of his plan and ride this general good feeling of his election. it's not a healthy situation politically. we've got to do the right thing for the country. >> all right, senator. i was really struck
we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute....
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are you supportive of that government intervention? >> release the question and answer of the book basically. you can see that as an emergency intervention. this government had done it back now, that would've been fine. unfortunately they stayed too long. the comparison they make is to katrina. there's emergency aid and basically people get up and back on their feet. but unfortunately the government conceded the financial crisis as an excuse to expand itself and expand control of the economy. >> at what point would you say that government should have out as the emergency aid and click >> they did allow banks that wanted to pay the money. obviously they're making it difficult. they make and keep it it up for saddam those who didn't want bailouts in the first place. so basically, some people really have argued that the fact that the bailouts were necessary. but basically they went too far and certainly afterwards they use the financial crisis as an excuse to overregulate with dodd-frank, et cetera. >> welcome we are interviewing u.s. fre
are you supportive of that government intervention? >> release the question and answer of the book basically. you can see that as an emergency intervention. this government had done it back now, that would've been fine. unfortunately they stayed too long. the comparison they make is to katrina. there's emergency aid and basically people get up and back on their feet. but unfortunately the government conceded the financial crisis as an excuse to expand itself and expand control of the...
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that government can still help solve programs. they believe it's government's job to focus on those most in need. >> look, i think -- i agree. the american people, i think, told us they want us to work together. the great thing about our system is, over time the will of american people always works through it. you got some checks and some balances. but in the end, politicians do what people tell them to do. >> i think you got a public employee going above and beyond the call of duty to help a homeless person just makes me think our government workers are pretty good people. >> no question about that. one of this things that i was encouraged looking back at the election, we actually saw that young people stayed engaged this time around. their share of the electorate actually went up over 2000 and that's a hopeful sign to have continued participation going forward. >> thank you all very much. great roundtable. dan is going to stick around and answer questions. that's "this week" web extra. >>> when we come back -- i'll take your que
that government can still help solve programs. they believe it's government's job to focus on those most in need. >> look, i think -- i agree. the american people, i think, told us they want us to work together. the great thing about our system is, over time the will of american people always works through it. you got some checks and some balances. but in the end, politicians do what people tell them to do. >> i think you got a public employee going above and beyond the call of duty...
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. >> but mgm/mirage is shut out because the government says a law banning sports betting over the phone also bans all gambling on the internet. obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their own offshore gambling website a few years ago, but to stay within the law, they could only accept bets from gamblers outside the u.s. >> we just didn't make any money; that was the problem. >> so you shut it down. >> we did. >> it's all very odd. >> well, no, it is odd. there's no doubt about that. i mean, there's gaming in every state but two states in the united states. if it's legal there and if it's regulated and taxed and we're comfortable with it there, why don't we allow it also in the area of internet where people--so much commerce is going through the internet right now? it makes no sense. >> even so, no
. >> but mgm/mirage is shut out because the government says a law banning sports betting over the phone also bans all gambling on the internet. obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their...
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>> it's a horrible thing as far as local governments go. big problems. >> the governors association met with the vice president today in washington. i'm sure that was on the table. that's not going to happen. they don't want to burden localities with this fiscal cliff thing. >> you're absolutely right. that would be a huge issue. i don't think that would be the case. the other thing you have to think about as far as these dividend paying stocks, so long as interest rates are likely to remain this low, and i don't think that's going to change for at least the next year or so, you're going to continue to have that bid for areas where you can receive income. that means areas like high-dividend paying stocks, utilities, telecoms. so although valuation is there, maybe getting a little stretched, you have to ask yourself what's that catalyst to cause that change. >> what would you avoid? jeff is talking about things he would steer clear of. >> i think you want to look for lower beta strategies. i would probably stay away from cyclicals. what thif
>> it's a horrible thing as far as local governments go. big problems. >> the governors association met with the vice president today in washington. i'm sure that was on the table. that's not going to happen. they don't want to burden localities with this fiscal cliff thing. >> you're absolutely right. that would be a huge issue. i don't think that would be the case. the other thing you have to think about as far as these dividend paying stocks, so long as interest rates are...
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we're talking about a section of the community that's addicted to the government. so one question is what do we do about the welfare state. another question is whether we shut our borders and allow for some type of comprehensive plan to allow for people to come in here and live free. as long as we have welfare, larry you're not going to be able to address the immigration problem and say oh, this will be fine for now. >> i understand. to be honest, i agree with you but i think most of them come here to work. i believe that in my heart and i think the statistics tend to show that. >> two between rations ago, larry. two generations ago, not now. >> star u-can't give up otherwise you'll never elect another republican. the same thing will be true with asians. they people come network. they have a good entrepreneurial background. they are church going people. the point is that community going to pay any minds to the gop if they still believe republicans will deport them, throw them back over the border. don't let the kids go to local schools if the parents came illegally
we're talking about a section of the community that's addicted to the government. so one question is what do we do about the welfare state. another question is whether we shut our borders and allow for some type of comprehensive plan to allow for people to come in here and live free. as long as we have welfare, larry you're not going to be able to address the immigration problem and say oh, this will be fine for now. >> i understand. to be honest, i agree with you but i think most of them...
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oo the current investigation you see government waste.. - hotline.. 410-662-1456. or... go to fox- baltimore dot com...///. you... can read... about a mulli-billion dollar... homeland sscuritt grant .... hat's... beenggused... to 13- snowcone... machines... 3two homes... remain... condemned .../ in... the... butcherr hill in... downtown baltimmre...///. paul gessler... officials....abouu their it's been more than two weeks since those two homes n madeira strret on tte west side of patterson park were condemned.and, still... baatimore's department of public works is investigating the cause. these homes between gough nd pratt hhve sunk severaa inches. facadd...cracks in rick, gaps in wwndows and big red public nottces to keep out on the fron engineers havv been on site several times. wayne marcinko:"if the will potentially affect me, it how far thissproblem exists underground and how far it will go up the streett" city and private engineers pontinues to investigate.they & wwter.but, right nnw... hey d still donnt knowwthe source. ppul gessler, fox45 ews at as the universit
oo the current investigation you see government waste.. - hotline.. 410-662-1456. or... go to fox- baltimore dot com...///. you... can read... about a mulli-billion dollar... homeland sscuritt grant .... hat's... beenggused... to 13- snowcone... machines... 3two homes... remain... condemned .../ in... the... butcherr hill in... downtown baltimmre...///. paul gessler... officials....abouu their it's been more than two weeks since those two homes n madeira strret on tte west side of patterson...
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it's not the federal government. we don't license kids under 16. we don't license dui drivers. our laws are clear. >> governor brewer ads she is not surprised she is sued. the supreme court you will remember upheld the most contentious parent of the state 2010 immigration law that allows them to check the immigration status and enforcing other laws. you think her order is reasonable or does it go too far? tweet us your answers and we'll read some later in the show. u.n. ambassador susan rice is one of the most polarizing personalities in politics now. would she make a good secretary of state? up next, fair and balanced debate. >> shannon: protest in egypt sparks corn certain for egypt's highest court. bottom of the hour, peter doocy has the top stories. >> reporter: egypt supreme court stopped work on ruling about the group that drafted egypt new constitution because of concerns about protests near the court. thousands of morsi supporters as well as detractors taken to the street to argue their side of the issue. we are learning more tragic details about yesterday's murder-suic
it's not the federal government. we don't license kids under 16. we don't license dui drivers. our laws are clear. >> governor brewer ads she is not surprised she is sued. the supreme court you will remember upheld the most contentious parent of the state 2010 immigration law that allows them to check the immigration status and enforcing other laws. you think her order is reasonable or does it go too far? tweet us your answers and we'll read some later in the show. u.n. ambassador susan...
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he exposed corrupt government officials there, bill. bill: there have been some questions about his health, even his sanity, since this whole story began. what can we add to that, steve? >> reporter: when he was detained in guatemala he complained of chest pains. his attorney said he might have suffered a minor heart attack. later that story was revised when mcafee said it was simply stress being on the run. >> the problem i had the other day i did not eat for two days. i drank very little liquids. first time in many years i've been smoking nonstop. i stood up, passed out. hit my head on the wall, came to in total confusion. i'm fine now. >> reporter: mcafee's run began last month from belize with his 20-year-old girlfriend after belize officials attempted to question him in the shooting death of a neighbor. bill? bill: steve harrigan with the story out of the miami. we'll see where it goes this week. thank you, sir. martha: president obama and house speaker john boehner met face-to-face for the first time in more than three weeks hopin
he exposed corrupt government officials there, bill. bill: there have been some questions about his health, even his sanity, since this whole story began. what can we add to that, steve? >> reporter: when he was detained in guatemala he complained of chest pains. his attorney said he might have suffered a minor heart attack. later that story was revised when mcafee said it was simply stress being on the run. >> the problem i had the other day i did not eat for two days. i drank very...
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it doesn't cost the government any money. electric rate payers pay an extra fee to subsidize people who install solar or wind. people who install solar and wind are guaranteed a higher than market rate of return for something like a decade. these are called feed-in tariffs to keep with green's, you know, aptitude for great terminology. >> screw it. tomorrow we're doing an how on that. >> yes. i had dinner with the parliamentian in germany that got this passed last year. i asked him, this one law is like a lever transforming one of the biggest industrial economies in the world. how in the world did you make this happen? especially relative to the frozen politics in the u.s. he's like, we passed it in 2000, and everybody laughed at me and thought it was trivial. everybody thought it's not going to make a material difference to anything. it they didn't pay attention. the big utilities in germany are just as opposed. this snuck it in and it ratcheted germany to make big decisions. >> it's basically for the person with aa wind tur
it doesn't cost the government any money. electric rate payers pay an extra fee to subsidize people who install solar or wind. people who install solar and wind are guaranteed a higher than market rate of return for something like a decade. these are called feed-in tariffs to keep with green's, you know, aptitude for great terminology. >> screw it. tomorrow we're doing an how on that. >> yes. i had dinner with the parliamentian in germany that got this passed last year. i asked him,...
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>> meyer: they're submitting bills to the government for the admission of patients. the patients didn't meet the appropriate prescribed criteria for admission and for the hospitals to bill medicare for the admissions. it's... it's a... a false billing, if you will. >> kroft: if you'd been at the fbi and somebody came in and handed you all of this stuff, would you have pursued a criminal investigation? >> meyer: yes. no doubt about it. >> kroft: meyer says he told the same thing to corporate officials and wrote up his findings in three memos to top management. >> meyer: i made sure that i spoke with the c.e.o. face to face about this, that something is really, really wrong, and it's got to be addressed. i had indicated that "if it's not addressed by you all, then i'll have to handle it getting addressed by the government." >> kroft: what was their response? >> meyer: had another job change. >> kroft: meyer says hma's corporate attorneys heavily edited his reports and instructed him to destroy the original version of his memos, but he never did. >> meyer: i felt it was
>> meyer: they're submitting bills to the government for the admission of patients. the patients didn't meet the appropriate prescribed criteria for admission and for the hospitals to bill medicare for the admissions. it's... it's a... a false billing, if you will. >> kroft: if you'd been at the fbi and somebody came in and handed you all of this stuff, would you have pursued a criminal investigation? >> meyer: yes. no doubt about it. >> kroft: meyer says he told the...
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they form a line or trigger events that will bring down the government. >> the government is beginning to rely on and move to the worst kind of malitias. it's been the group that engaged in rape, murder, recruited child soldiers. this could get very ugly. >> that's a really good point. both sides have horrendous human rights records. the government is now teaming up with the group called the fdlr which is the remnants of the army that committed genocide in rwanda. they raped hundreds of women, chopping apart michildren, massacre of people. that's who the government is teaming up with. congo is really this -- it's like this caldron of abuse on a scale that's unlike just about anywhere else in the world. i cover a number of these conflicts in africa. just about everywhere else things are changing or getting a bit better in some cases. congo has stayed the same for almost ten years and that same is very disturbing state of anarchy. >> congo has enormous resources and the a beautiful lush country. >> it's spectacular. it's one of the most beautiful places i've been ever where. there was a
they form a line or trigger events that will bring down the government. >> the government is beginning to rely on and move to the worst kind of malitias. it's been the group that engaged in rape, murder, recruited child soldiers. this could get very ugly. >> that's a really good point. both sides have horrendous human rights records. the government is now teaming up with the group called the fdlr which is the remnants of the army that committed genocide in rwanda. they raped...
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these are as you can see government in the original government packaging. at $199.95, i am doing them at original government issue price. it is as if you went back and did not forget to collect them and 1999-2001.on the other hand6 c13 say aren't worth anything? how about these coins, if purchased individually. --are they.95 a piece. >>host: one of them is worth more than the original issue price of the whole thing? >>caller: they really all are.the 2001 $19.50$20.50 for the last one. that $180. the hawaii individually is $35. >>host: why? >>guest: i do not know that is it sells for. supply and demand. how about you are going to get the 2001,3, 4, 5 7 all the 2008's are $9.50 apiece. and then $35. so is $84, $83 for that set. you $20 per set. if i had 1000 of these runs i sell every one of them right here tonight. i do not.i had 200. actually 212 to be exact. i do not have to hundred 13. we will sell all 212 because you get all 10 of them with the original government packaging, the key to this is the original government packaging, less than $20 per set. $19
these are as you can see government in the original government packaging. at $199.95, i am doing them at original government issue price. it is as if you went back and did not forget to collect them and 1999-2001.on the other hand6 c13 say aren't worth anything? how about these coins, if purchased individually. --are they.95 a piece. >>host: one of them is worth more than the original issue price of the whole thing? >>caller: they really all are.the 2001 $19.50$20.50 for the last...
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Dec 6, 2012
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not the government service but the cost of the government service. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates or we go over the fiscal cliff. one that the market hates and going over the fiscal cliff seem more likely to me. either one will be an economic drag. i like procter & gamble, big companies with good cash flow that are somewhat recession proof. >> thank you very much, jim iuorio. >>> in the weeks before christmas, not a creature was stirring. not even the house. accept, of course, on twitter where one of the top trending words is cliffmas. in a fiscal cliffmas used in a tweet from the reformed broker, josh brown. according to the congressional daily, the hill, illinois senator dick durbin also jumped on the phrase
not the government service but the cost of the government service. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates...
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Dec 4, 2012
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but the government does. we see ourselves as supporting the government. >> reporter: the president cut the ribbon on the new hospital vowing his administration will do better. international donors who have with held half the $5 billion they pledged to rebuild haiti will closely watch how projects like this hospital fare. for many ordinary haitians the goal as one health worker put it is to make it to the end of each day alive. >> woodruff: fred's reporting is a partnership with the undertold stories project at st. mary's university in minnesota. >> ifill: over the past couple of weeks, generals, past and present, have found themselves in an uncomfortable spotlight. retired army general david petraeus resigned as director of the c.i.a. when he admitted to having an extramarital affair. the commander of u.s. and coalition forces in afghanistan, general john allen, is also under investigation for sending inappropriate e-mails to a women in tampa. the former commander of africa command, general william ward, was
but the government does. we see ourselves as supporting the government. >> reporter: the president cut the ribbon on the new hospital vowing his administration will do better. international donors who have with held half the $5 billion they pledged to rebuild haiti will closely watch how projects like this hospital fare. for many ordinary haitians the goal as one health worker put it is to make it to the end of each day alive. >> woodruff: fred's reporting is a partnership with the...
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Dec 3, 2012
12/12
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the government isn't the solution here. >> the government is not the solution. >> correct. >> well, they are part of the problem. before a private sector solution, it seems like we have to get over this problem in the near term. it's a huge amount of money just being sucked right out of the economy on january 1st. >> i don't disagree with that at all. >> at this point, it's a one in in two chance, one in five chance, what's the chance we go over? >> roeprobably one in two, one s three. there will be some sort of resolution. getting down to the last minute kind of mentality, but certainly i think there will be a solution. i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're th
the government isn't the solution here. >> the government is not the solution. >> correct. >> well, they are part of the problem. before a private sector solution, it seems like we have to get over this problem in the near term. it's a huge amount of money just being sucked right out of the economy on january 1st. >> i don't disagree with that at all. >> at this point, it's a one in in two chance, one in five chance, what's the chance we go over? >>...
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Dec 4, 2012
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so we will let the federal government do their thing. do what they'll do in oklahoma. >> it's not politics. it's the and the question of state control over an issue that is important to citizens of the states. >> given a skeptical opinion poll, the governors have little indication to say no. >> it's not political for a lot of governors to say you know what? this is an untested program. it's legitimate option for me to let the government run it. >> some say in the chaos of writing or pass obamacare they did not provide money for washington to implement exchanges itself or give out federal taxpayer subsidies in them. >> if the state doesn't have a state exchange and they have a exchange there may not be subsidy. >> if they run exchanges in lot of states they will need a new appropriation. it will need money. that will come from the house of representatives and they will meet resistance there. >> one governor says that washington moves the deadline back. hoping the states will say yes. >> they want a state based exchange to run it. i don't
so we will let the federal government do their thing. do what they'll do in oklahoma. >> it's not politics. it's the and the question of state control over an issue that is important to citizens of the states. >> given a skeptical opinion poll, the governors have little indication to say no. >> it's not political for a lot of governors to say you know what? this is an untested program. it's legitimate option for me to let the government run it. >> some say in the chaos...
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Dec 6, 2012
12/12
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where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both sides agree that you need to do both. just a question of how much. >> we need to do both to do a deal. i don't think both sides dwre that it's the right thing to do. just to get a deal done. >> i think moderates in both parties -- >> people on the right think we're plenty big. and there
where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most --...
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Dec 2, 2012
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that's who the government is teaming up with. the rebels are accused of pulling people from huts in the middle of the night, shooting them in the head, so congo is this really, it's like this caldron of abuse on a scale that's unlike just about anywhere else in the world. i cover a number of these conflicts in africa. i cover somalia, darfur. just about everywhere else things are changing or getting a bit better in some cases. congo has stayed the same for almost ten years and that same is very disturbing state of anarchy. >> ironically, congo has enormous national resources, is a beautiful, lush country, right? >> yeah, it's spectacular. it is really one of the most beautiful places i've been anywhere. just last week, there was a huge volcano with streams of smoke shooting out of it. it's very lush. it's very fertile. the lakes are beautiful. the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government
that's who the government is teaming up with. the rebels are accused of pulling people from huts in the middle of the night, shooting them in the head, so congo is this really, it's like this caldron of abuse on a scale that's unlike just about anywhere else in the world. i cover a number of these conflicts in africa. i cover somalia, darfur. just about everywhere else things are changing or getting a bit better in some cases. congo has stayed the same for almost ten years and that same is very...
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Dec 7, 2012
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russia sent weapons to the syrian government. they protected the syrian government in the u.n. that does appear it could be changing. secretary of state hillary clinton met with russian foreign minister sergei lavrov yesterday in dublin and officials described it as a good meeting, a positive meeting. there seemed to be a an air of compromise in this meeting. past meetings have been hostile with very negative, with little done. both sides yelling at each other, arguing with each other. according to officials this past meeting seemed to be much more constructive. there seemed to be effort to find common ground. where that will actually lead in terms of ending the violence in syria is still very much unknown, martha. martha: boy, that is what diplomacy is all about and it sounds like it's in the works. hopefully it will work in a positive direction. now in terms what is going on the ground there, conor, we know assad's strongholds have been threatened. how close are the rebels to crashing in on those? >> reporter: we're getting lots of different information. it's tough to sort of
russia sent weapons to the syrian government. they protected the syrian government in the u.n. that does appear it could be changing. secretary of state hillary clinton met with russian foreign minister sergei lavrov yesterday in dublin and officials described it as a good meeting, a positive meeting. there seemed to be a an air of compromise in this meeting. past meetings have been hostile with very negative, with little done. both sides yelling at each other, arguing with each other....
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Dec 7, 2012
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they go on the government payroll, and if they stay a couple of weeks employers replace them. they put somebody else on the payroll. there were ordinarily hourly workers who didn't get to work and filed for unemployment, but by and by this is not an unemployment creator. >> you know, jared, i have a question for you here. first, i do want to mention a little detail from the report. the job creation numbers for october and september were revised downward. the obvious answer is the books were cooked by a chicago guys. if you want to offer an apology to jack welch, i'll let you do that. >> i decidedly do not. what's your question, sir? >> it's an open invitation. >> the serious question i have for you is i know this is something you've been looking at and writing, and it's the effect of long-term high unemployment like we've been having on wages. can you tell us what you see there? >> i will. i will. let me underscore one point below that. this is not a stellar jobs report. you mentioned the downward provision. the decline in the unemployment rate didn't come because of more jobs
they go on the government payroll, and if they stay a couple of weeks employers replace them. they put somebody else on the payroll. there were ordinarily hourly workers who didn't get to work and filed for unemployment, but by and by this is not an unemployment creator. >> you know, jared, i have a question for you here. first, i do want to mention a little detail from the report. the job creation numbers for october and september were revised downward. the obvious answer is the books...
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Dec 7, 2012
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it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they start companies there that compete with companies here. that's a big focus in washington and hopefully there will be broad bisupport when the congress reassembles in jn after they get through the whole fiscal cliff issue and focus on making sure we have the right entrepreneur policies so we can remain the world's most trurl nation. that's what will drive economic growth up from 2%, driving unemployment down from 8% or so. that will ensure our competitiveness in what's now a more competitive world. we have to double down on entrepreneurs. it is the secret sauce that's built the american economy. >> what ab
it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they...
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Dec 4, 2012
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that means people on government payroll or getting something from the government. that ratio is out of whack. it means it's in a death spiral. there is a second reason. financial stability of these states is really in doubt. they are really going down in terms of the debt that they've got and the taxes that they're piling on. so they're not considered credit worthy. so there is more takers than makers and the credit worthiness of these states is going down. that's why they use this extreme language. death spiral. >> gretchen: and so part of the death spiral then is don't buy a house in these circumstances? >> yes. that's advice. that's what forbes is saying. that's what bill baldwin, the author is saying, look, avoid this. if you get a job in california, for example, one of these death spiral states, okay. you take the job if it's a good job, but don't buy a house there. you rent. if you've got a business in illinois, for example, you don't think of going to california, move your business to california. no. you don't do that. you think of moving to texas where the
that means people on government payroll or getting something from the government. that ratio is out of whack. it means it's in a death spiral. there is a second reason. financial stability of these states is really in doubt. they are really going down in terms of the debt that they've got and the taxes that they're piling on. so they're not considered credit worthy. so there is more takers than makers and the credit worthiness of these states is going down. that's why they use this extreme...
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Dec 6, 2012
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the syrian government may use against theirns own people. they have loaded gas into bombs syrian air fields. the use of chemical weapons could trigger retaliatory action from the united states. investigators need your help people stealing tires and rams from cars in arlington. off --have been taken and rims. investigators have few leads at they believe the nightnt happened late at and they are looking for at two suspects. when was the last time you used a pay phone? michael bloomberg wants to give pay phones a high-tech makeover. expires and less than two years. is encouraging new yorkers to ideas and build a prototype. there are more than 11,000 pay phones in new york city. they use them during the storm because cell phone service was down. some places you never see them go. a chilly start this morning. temperatures much closer to our seasonal averages. hill with the microphone. >> we are 26 minutes from sunrise. a live look around the city from the rooftop camera. substantially cooler than yesterday. degrees colder than yesterday morning.
the syrian government may use against theirns own people. they have loaded gas into bombs syrian air fields. the use of chemical weapons could trigger retaliatory action from the united states. investigators need your help people stealing tires and rams from cars in arlington. off --have been taken and rims. investigators have few leads at they believe the nightnt happened late at and they are looking for at two suspects. when was the last time you used a pay phone? michael bloomberg wants to...
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government regulation, has that ever tricked you up? is it more onerous now and how dii you overcome it? >> not really. liz: never a problem? >> government is pretty lax on the fitness industry. there are fitness certifying bodies. we encourage all the instructors to certify american council on exercise and american fitness. it is all good. liz: speaking of struggletores she is here with me on the set. i was a jane fonda. there are billy blanks. there are a million ideas out there. how do you keep i guess, the venture-capitalist monee behind you. you've got millions and millions in vc money when there are ideas coming up from behind? >> the good thing about zumba, we created open source fitness. as long as anybody likes to dance there will be zumba classes. we were born dancing two years old, we start dancing. there is new dances and new moves and new evolution of music. we just incorporated it into zumba. liz: ipo? >> it's, never out of the question but we have one lens that we look through, does it help the instructors. if it helps th
government regulation, has that ever tricked you up? is it more onerous now and how dii you overcome it? >> not really. liz: never a problem? >> government is pretty lax on the fitness industry. there are fitness certifying bodies. we encourage all the instructors to certify american council on exercise and american fitness. it is all good. liz: speaking of struggletores she is here with me on the set. i was a jane fonda. there are billy blanks. there are a million ideas out there....
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Dec 7, 2012
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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Dec 5, 2012
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it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are probably not going to get social security at 65 anyway because that age is already going up. this is not a big problem for our economy. medicaid and medicare are much bigger problems. we can raise it or also increase the tax on people who make over $106,000. >> listen be, coffee lovers. try not to choke on that peppermint mocha latte. we'll tell you about that new $450 starbucks gift card, entirely made of steel. someone down here said it probably should be made of gold given that price. would you ever consider giving that as a gift or buying something like that? >> i've paid up for premium services, v.i.p. tickets at conferences -- concerts. there's a market for v.i.p. services. remember the platinum card? 10 or 12 years ago, platinum card wasn't good enough for the world.
it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are probably not going to get social security at 65 anyway because that age is already going up. this is not a big problem for our economy. medicaid and medicare are...
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Dec 3, 2012
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the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could clash with morsi supporters. can'tly what the government has been trying to avoid. >> steve harrigan live in cairo. thank you. the royal family is about to get bigger. palace officials say prince william and wife kate are expecting their first child. the dutchs of cambridge is in the hospital tonight in what is described as a severe case of morning sickness. the child would be third in line for the throne behind the father and grandfather prince charles. president obama and the first lady officially extended their congratulations today. >> pope benedict will tweet from his personal account a beak from tomorrow. the vatican says he will tweet in eight languages starting the 12. right now the pope has more than a quarter million followers on twitter. just in english. judges who live in class houses should not throw stones
the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could clash with morsi supporters. can'tly what the government has been trying to avoid. >> steve harrigan live in cairo. thank you. the royal family is about to get bigger. palace officials say prince william and wife kate are expecting their...
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Dec 3, 2012
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now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done. they're going to get the deal done. from a psychological standpoint that will be viewed as a positive. think about it as an investor, as a whiteboard. you look at the u.s., throw if on a whiteboard, where else are you going to invest? you can't buy bonds, europe, emerging markets. you have to buy equities -- >> corporate bonds. >> maybe as part of that. but in terms of the whole total return funds you're seeing in these bond categories, you've had such rapid inflows, which is clearly a sign of a safety trade and psychological trade. they're not buying bonds based on fundamental but on fear. >> for yield. let's put aside all of this wrangling and let's say we get a deal done. we start to look at what that deal looks like. higher taxes, lower federal spending. right? i mean, when you look -- when you take away all of the fights and when you
now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done. they're going to get the deal done. from a psychological standpoint that will be viewed as a positive. think about it as an investor, as a whiteboard. you look at the u.s., throw if on a whiteboard, where else are you going to invest? you can't buy bonds, europe,...
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adding "it may be time to pray to a higher power for government sanity." president obama's uncle is getting a new deportation hearing. two decades after being ordered to leave the u.s. the half-brother of the president's late father is from kenya. the board of immigration appeals sent obama's case to the executive office for immigration review for another look. but will not say why. obama's attorney says the deportation was caused by a technical error. the immigration issues came up after he was arrested last year outside of boston and charged with drunken driving. president obama frequentenly talks about the need for america's rich to pay what he calls their fair share. now, some leaders elsewhere have come up with a new metric. senior foreign affairs correspondent amy kellogg on the moral fair share. >> today we are confirming we will be more resources to ensuring multinational companies pay their proper share of taxes. >> the controller of britain's purse strings slashed the public spending to the quick. now there is mounting pressure for him to find al
adding "it may be time to pray to a higher power for government sanity." president obama's uncle is getting a new deportation hearing. two decades after being ordered to leave the u.s. the half-brother of the president's late father is from kenya. the board of immigration appeals sent obama's case to the executive office for immigration review for another look. but will not say why. obama's attorney says the deportation was caused by a technical error. the immigration issues came up...
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Dec 10, 2012
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it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the hungry sharks. >> so first of all, dan, the fact that it's not my money, that's an argument about any taxation. i know folks would love to bring the tax rates to 0 for everything. the real world, whee government actually has to do things, defend the country, pay for social insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains h
it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the...
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Dec 8, 2012
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the government will try to soften the blow of spending cuts and tax increases. they could delay the withholdings that people pay though tax rates are going up or they could tell agencies to accelerate the spending at the new year to mitigate cuts that are coming. that assumes congress will do something. otherwise it could be catastrophic. i say, don't count on it. if a deal can't be cut in three weeks why should we assume they will cut one in january, especially when almost nothing gets done in the january of a new administration. this is a lame duck congress waiting for a new congress to be sworn in. think back to the debt ceiling, richard, when nothing got done there. think back before that to the discussions about t.a.r.p. when nothing got done and the market had to force it. the bottom line is i am not convinced that they will do things to avoid the catastrophe. the fiscal cliff isn't catastrophic. congress's inability to ever foresee dangers and avoid them is. [ buzzer ] richard, you seem be bored by my answer. >> all right. so you want to play hardball. [
the government will try to soften the blow of spending cuts and tax increases. they could delay the withholdings that people pay though tax rates are going up or they could tell agencies to accelerate the spending at the new year to mitigate cuts that are coming. that assumes congress will do something. otherwise it could be catastrophic. i say, don't count on it. if a deal can't be cut in three weeks why should we assume they will cut one in january, especially when almost nothing gets done in...
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i'm saying the government has to be fair. the government has to not take sides. everybody is equal. >> bill: it's a federal holiday. why don't you get off your butt and get it revoked. >> don't have the votes. >> bill: of course you don't because your view is insane. >> no, it's not. you can celebrate christmas without being a christian. >> you can celebrate christmas without being a christmas by force you can't go to work, can't get your mail you can't go to the bank. >> bill: you can't go to work. >> no, you can't. >> bill: yes you can. >> are you going to be working on christmas. >> bill: i don't work on christmas. >> 99% of the country doesn't either because it's a federal holiday. >> bill: you and your merry band of fascists you get it revoked. >> you called me a fascist. >> bill: absolutely you are. >> i am a patriot, sir. >> bill: you are a fascist. >> crazy notion that everybody in this country is equal and the government has to treat everybody fairly. >> bill: banish christmas trees. >> did i not say banish christmas trees. >> bill: from the public squar
i'm saying the government has to be fair. the government has to not take sides. everybody is equal. >> bill: it's a federal holiday. why don't you get off your butt and get it revoked. >> don't have the votes. >> bill: of course you don't because your view is insane. >> no, it's not. you can celebrate christmas without being a christian. >> you can celebrate christmas without being a christmas by force you can't go to work, can't get your mail you can't go to the...
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175
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 175
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new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after the election, mitt romney is returning to the business world. the former republican presidential nominee rejoined the board of the u.s. hotel company marriott international. romney served on the marriott board for over a decade stepping down in 2002 before becoming governor of massachusetts and again in 2011 when he launched his second presidential bid. the romney and marriott families have been close friends for generations. romney even named jay, willard marriott, the founder of the company. >>> and returning to health news now. you'll be interested in
new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask...
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181
Dec 6, 2012
12/12
by
KTVU
tv
eye 181
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>> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they are looking at grant money from the environmental protection agency. each student could be awarded a large sum of money. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists and the winner gets a second grant up to $90,000. >>> local governments are asking the president to create a new no ocean drilling in a 50- mile area from sonoma to mendocino count
>> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with...